Beyond Meat Inc (NASDAQ:BYND) price on Wednesday, February 05, rose 0.78% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.87.
A look at the stock’s price movement, the close in the last trading session was $3.84, moving within a range at $3.83 and $3.98. The beta value (5-Year monthly) was 2.289. Turning to its 52-week performance, $12.12 and $3.30 were the 52-week high and 52-week low respectively. Overall, BYND moved -3.49% over the past month.
Beyond Meat Inc’s market cap currently stands at around $252.34 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 76.08M for the company’s revenue for the quarter, with a low and high estimate of 73.64M and 78M respectively. The average forecast suggests up to a 3.26% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 325.03M, representing a -5.34% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BYND is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 1 recommend BYND as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 6 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BYND’s current price about -0.96% and -5.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.76, while 7-day volatility ratio is 4.04% and 6.11% in the 30-day chart. Further, Beyond Meat Inc (BYND) has a beta value of 2.35, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $6 and high of $6. Looking at the price targets, the low is -55.04% off current price level while to achieve the yearly target high, price needs to move -55.04%. Nonetheless, investors will most likely welcome a -55.04% jump to $6 which is the analysts’ median price.
If we refocus on Beyond Meat Inc (NASDAQ:BYND), historical trading data shows that trading volumes averaged 2.82 over the past 10 days and 3.79 million over the past 3 months. The company’s latest data on shares outstanding shows there are 65.17 million shares.
The 7.06% of Beyond Meat Inc’s shares are in the hands of company insiders while institutional holders own 49.04% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 33.83 million on 2025-01-15, giving us a short ratio of 8.58. The data shows that as of 2025-01-15 short interest in Beyond Meat Inc (BYND) stood at 5419.000000000001 of shares outstanding, with shares short rising to 27.59 million registered in 2024-12-13. Current price change has pushed the stock 2.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BYND stock continues to rise going into the next quarter.
